Missed the 2022/23 Tax Return deadline: 3 months late

Are you one of the 1.1 million customers that missed the 2022/23 tax return deadline?

We have reached 3 months after the tax return deadline for the year ending 5^th April 2023. This means that if you should have completed a tax return, but failed to do so, you will now occur a daily penalty of £10 per day, up to a maximum of £900!

Your return needs to be completed as soon as possible to avoid the further penalties below:

• 6 Months late: A penalty of £300 (or 5% of the tax owing if this is greater)
• 12 Months late: A further penalty of £300 (or 5% of the tax owing if this is greater)

You will also occur penalties for the late payment:

• 5% of tax unpaid after 30 days- Already past 30 days
• Another 5% of tax unpaid after 6 months
• Another 5% of tax unpaid after 12 months

Get In Touch

If you missed the 2022/23 tax return deadline and need help completing your return, please contact our specialists at your local office today.

Disclaimer - All information in this post was correct at time of writing.